WallStreetZenWallStreetZen

Sectors & IndustriesConsumer CyclicalFootwear & Accessories
Best Shoe Stocks to Buy Now (2023)
Top shoe stocks in 2023 ranked by overall Zen Score. See the best shoe stocks to buy now, according to analyst forecasts for the footwear & accessories industry.

Industry: Footwear & Accessories
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
SHOO
STEVEN MADDEN LTD
NASDAQ
Footwear & Accessories
$2.89B$37.08-3.53%$340.59M11.41x0.44
WWW
WOLVERINE WORLD WIDE INC
NYSE
Footwear & Accessories
$1.28B$16.21-2.28%$271.20M8.23x3.80
DECK
DECKERS OUTDOOR CORP
NYSE
Footwear & Accessories
$10.97B$414.360.45%$611.34M25.04x0.63
RCKY
ROCKY BRANDS INC
NASDAQ
Footwear & Accessories
$231.08M$31.54-3.55%$60.49M8.69x2.06
WEYS
WEYCO GROUP INC
NASDAQ
Footwear & Accessories
$259.51M$26.97-3.19%$42.22M8.73x0.48
CROX
CROCS INC
NASDAQ
Footwear & Accessories
$7.53B$121.98-2.66%$825.71M13.22x6.20
CAL
CALERES INC
NYSE
Footwear & Accessories
$954.51M$26.80-5.78%$295.27M5.68x3.87
SKX
SKECHERS USA INC
NYSE
Footwear & Accessories
$6.93B$44.680.25%$583.99M9.93x0.85
NKE
NIKE INC
NYSE
Footwear & Accessories
$197.87B$127.61-1.47%$7.60B35.55x1.60
FL
FOOT LOCKER INC
NYSE
Footwear & Accessories
$4.33B$46.39-1.68%$856.00M10.33x1.38
AREB
AMERICAN REBEL HOLDINGS INC
NASDAQ
Footwear & Accessories
$3.89M$0.244.68%-$6.32M-0.11x0.25
VRA
VERA BRADLEY INC
NASDAQ
Footwear & Accessories
$175.99M$5.700.35%$3.83M-6.87x0.57
FORD
FORWARD INDUSTRIES INC
NASDAQ
Footwear & Accessories
$12.68M$1.260.79%-$943.05k-9.00x2.34
1

Shoe Stocks FAQ

What are the best shoe stocks to buy right now in Feb 2023?

According to Zen Score, the 3 best footwear stocks to buy right now are:

1. Steven Madden (NASDAQ:SHOO)


Steven Madden (NASDAQ:SHOO) is the top shoe stock with a Zen Score of 63, which is 20 points higher than the shoe industry average of 43. It passed 23 out of 38 due diligence checks and has strong fundamentals. Steven Madden has seen its stock lose -12.35% over the past year, underperforming other shoe stocks by -22 percentage points.

Steven Madden has an average 1 year price target of $37.00, a downside of -0.22% from Steven Madden's current stock price of $37.08.

Steven Madden stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Steven Madden, 12.5% have issued a Strong Buy rating, 25% have issued a Buy, 62.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) is the second best shoe stock with a Zen Score of 55, which is 12 points higher than the shoe industry average of 43. It passed 20 out of 38 due diligence checks and has strong fundamentals. Wolverine World Wide has seen its stock lose -37.14% over the past year, underperforming other shoe stocks by -47 percentage points.

Wolverine World Wide has an average 1 year price target of $13.75, a downside of -15.18% from Wolverine World Wide's current stock price of $16.21.

Wolverine World Wide stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Wolverine World Wide, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Deckers Outdoor (NYSE:DECK)


Deckers Outdoor (NYSE:DECK) is the third best shoe stock with a Zen Score of 55, which is 12 points higher than the shoe industry average of 43. It passed 19 out of 33 due diligence checks and has strong fundamentals. Deckers Outdoor has seen its stock return 40.53% over the past year, overperforming other shoe stocks by 31 percentage points.

Deckers Outdoor has an average 1 year price target of $446.36, an upside of 7.72% from Deckers Outdoor's current stock price of $414.36.

Deckers Outdoor stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Deckers Outdoor, 54.55% have issued a Strong Buy rating, 36.36% have issued a Buy, 9.09% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the shoe stocks with highest dividends?

Out of 7 shoe stocks that have issued dividends in the past year, the 3 shoe stocks with the highest dividend yields are:

1. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) has an annual dividend yield of 3.56%, which is 1 percentage points higher than the shoe industry average of 2.25%. Weyco Group's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Weyco Group's dividend has shown consistent growth over the last 10 years.

Weyco Group's dividend payout ratio of 31.1% indicates that its dividend yield is sustainable for the long-term.

2. Foot Locker (NYSE:FL)


Foot Locker (NYSE:FL) has an annual dividend yield of 3.45%, which is 1 percentage points higher than the shoe industry average of 2.25%. Foot Locker's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Foot Locker's dividend has shown consistent growth over the last 10 years.

Foot Locker's dividend payout ratio of 33.4% indicates that its dividend yield is sustainable for the long-term.

3. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) has an annual dividend yield of 2.47%, which is the same as the shoe industry average of 2.25%. Wolverine World Wide's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Wolverine World Wide's dividend has shown consistent growth over the last 10 years.

Wolverine World Wide's dividend payout ratio of 20.3% indicates that its dividend yield is sustainable for the long-term.

Why are shoe stocks down?

Shoe stocks were down -1.98% in the last day, and down -0.63% over the last week.

We couldn't find a catalyst for why shoe stocks are down.

What are the most undervalued shoe stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued shoe stocks right now are:

1. Rocky Brands (NASDAQ:RCKY)


Rocky Brands (NASDAQ:RCKY) is the most undervalued shoe stock based on WallStreetZen's Valuation Score. Rocky Brands has a valuation score of 86, which is 39 points higher than the shoe industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Rocky Brands's stock has dropped -27.42% in the past year. It has underperformed other stocks in the shoe industry by -37 percentage points.

2. Weyco Group (NASDAQ:WEYS)


Weyco Group (NASDAQ:WEYS) is the second most undervalued shoe stock based on WallStreetZen's Valuation Score. Weyco Group has a valuation score of 86, which is 39 points higher than the shoe industry average of 47. It passed 6 out of 7 valuation due diligence checks.

Weyco Group's stock has gained 7.85% in the past year. It has underperformed other stocks in the shoe industry by -2 percentage points.

3. Wolverine World Wide (NYSE:WWW)


Wolverine World Wide (NYSE:WWW) is the third most undervalued shoe stock based on WallStreetZen's Valuation Score. Wolverine World Wide has a valuation score of 71, which is 24 points higher than the shoe industry average of 47. It passed 5 out of 7 valuation due diligence checks.

Wolverine World Wide's stock has dropped -37.14% in the past year. It has underperformed other stocks in the shoe industry by -47 percentage points.

Are shoe stocks a good buy now?

54.55% of shoe stocks rated by analysts are a buy right now. On average, analysts expect shoe stocks to rise by 6.53% over the next year.

What is the average p/e ratio of the footwear & accessories industry?

The average P/E ratio of the footwear & accessories industry is 32.44x.
©2023 WallStreetZen
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTube
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.